File:Perfect competition in the short run (simple).svg

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English: Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit, if P > min(ATC). In the long run, however, only normal profits will be made, since P will equal min(ATC) exactly.
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Imperfect competition in the short run.
More labelled version of the same diagram
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This image is a derivative work of the following images:

  • File:Perfect_competition_in_the_short_run.png licensed with Cc-by-sa-3.0-migrated-with-disclaimers, GFDL-en, GFDL-user-en-with-disclaimers
    • 2008-10-10T11:36:52Z Iroony 653x496 (10875 Bytes) {{Information |Description={{en|Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit. However, the condition for long run AR=MR}} |Source=Transferred fr
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Date/TimeThumbnailDimensionsUserComment
current11:13, 30 December 2010Thumbnail for version as of 11:13, 30 December 2010580 × 400 (3 KB)Jarry1250On second thoughts, readd one label for consistency with other diagrams.
11:07, 30 December 2010Thumbnail for version as of 11:07, 30 December 2010580 × 400 (2 KB)Jarry1250== {{int:filedesc}} == {{Information |Description={{en|Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit, if P > min(ATC). In the long run
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